{"id":108110,"date":"2026-04-29T00:00:00","date_gmt":"2026-04-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=108110"},"modified":"2026-04-29T03:20:17","modified_gmt":"2026-04-29T03:20:17","slug":"stcs-bottom-line-climbs-in-1q","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/04\/29\/stcs-bottom-line-climbs-in-1q\/","title":{"rendered":"STC\u2019s bottom line climbs in 1Q"},"content":{"rendered":"

More earnings c<\/strong>ome in. <\/strong>More companies reported their 1Q earnings yesterday \u2014 STC, Astra Industrial Group, Electrical Industries, and more are out with their financials for the first quarter of the year, offering us a look at how regional security disruptions have impacted operations.<\/p>\n

STC<\/p>\n

Saudi Telecom<\/strong> Company\u2019s (STC) net income edged up 1.3% y-o-y to SAR 3.7<\/strong> bn in 1Q 2026<\/strong>, exceeding Bloomberg\u2019s forecasts<\/a> of SAR 3.3 bn, it said in a disclosure to Tadawul<\/a>. The improvement was supported by stronger operating results and better investment-related performance. Revenue climbed 3.8% to SAR 19.9 bn, underpinned by solid growth across its commercial, carriers, and wholesale divisions, as well as subsidiaries.<\/p>\n

Dividends: <\/strong>STC will pay out SAR 2.7 bn in dividends for the quarter at SAR 0.55 apiece on 20 May, according to a separate disclosure<\/a>.<\/p>\n

Astra Industrial Group<\/p>\n

Astra Industrial Group<\/strong> reported a marginal 0.7% y-o-y uptick in net <\/strong>income to <\/strong>SAR 173.1 mn in 1Q 2026<\/strong>, supported by gains in the pharma and steel segments and lower finance costs in speciality chemicals and pharma, it said in a Tadawul disclosure<\/a>. Meanwhile, revenue fell 5.1% y-o-y to SAR 790.9 mn, weighed down by weaker performance in the steel and speciality chemicals businesses.<\/p>\n

Electrical Industries<\/p>\n

Electrical Industries Co. <\/strong>report<\/strong>ed a 54.6% rise in 1Q 2026 net income to SAR 190.8 <\/strong>mn<\/strong>, according to a Tadawul disclosure<\/a>. The uptick was attributed to a diversified sales mix, favoring more profitable lines over volume alone, with rising distribution costs slightly offsetting a higher bottom line. The company\u2019s revenue rose 30.5% y-o-y to SAR 661.4 mn during the quarter, driven by a broad-based rise in demand across sectors including substation, infrastructure, and new industrial projects.<\/p>\n

National Environmental Recycling<\/p>\n

National Environmental<\/strong> Recycling\u2019s net income rose 12.1% to SAR 20.5 mn in<\/strong> 1Q 2026<\/strong>, with higher sales offset by suppressed margins on the back of higher shipping and ins. costs and finance expenses, the company said in a disclosure to Tadawul<\/a>. The company\u2019s revenue rose 84.5% to SAR 493.6 mn during the quarter thanks to large feedstock procurement contracts and a rise in Asian export sales.<\/p>\n

Leejam Sports<\/p>\n

Leejam Sports <\/strong>posted<\/a><\/strong> a 31% y-o-y decline in net income to SAR 49 mn in <\/strong>1Q <\/strong>2026<\/strong>, mainly due to higher costs, increased financing expenses, and one-off losses linked to lease terminations. The firm\u2019s revenue remained stable y-o-y at SAR 369 mn.<\/p>\n

Dividends:<\/strong> Leejam\u2019s board greenlit an SAR 29.3 mn dividend payout for the quarter at SAR 0.58 apiece, according to a Tadawul filing<\/a>.<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

STC\u2019s net income edged up 1.3% y-o-y, ahead of expectations<\/p>\n","protected":false},"author":1,"featured_media":108111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[1314,285,3535,10,3600,4977,2632],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-108110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-astra-industrial-group","tag-earnings-watch","tag-electrical-industries","tag-enterpriseam-ksa","tag-leejam-sports","tag-national-environmental-recycling","tag-stc","wpautop","entry"],"acf":{"mongo_id":"9233d64a-1e5b-4a9d-8f4e-762e851c77a7","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/4\/1477.jpg","photo_position":"above","homepage_title":"","full_issue_title":"STC + more post 1Q earnings","related_issue":[108099],"teaser":"STC\u2019s net income edged up 1.3% y-o-y, ahead of expectations","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"\nSTC\u2019s bottom line climbs in 1Q - 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